Lots of solid information is available online that discusses items for first time home buyers such as choosing the right loan, working with a reputable lender, and arranging a proper budget. While those items are very important, there are some other items that don't get the same publicity but deserve great attention.…
In the oftentimes chaotic world of short sales, the road from initial list to closing is filled with rough terrain, speedbumps, wrong turns, u-turns, no turns, stop signs, and many detours. Nary a day I fail to hear the laments of yet another agent succumbing to the trials and toils of short sales. In fact, in my 7 years of selling everything from normal market re-sales to REO and short sales, I've dealt with many different (and often frustrating) short sale transactions. In fact, I've had…Continue
I am trying to find a 2nd lien that is on title, title shows MILA they went out in 2007. clients say willshire, they sold off to BOA, BOA doesn't have them. I ran through fannie, freddie and mers.. no luck any other ideas out there???
Added by Patti Omalley on January 30, 2013 at 9:00am — No Comments
Are Short Sales are becoming a thing of the past? It seems like this is the way the market is moving. Fannie Mae and Freddie Mac own or guarantee $5.2 trillion of mortgages, more than half the…Continue
Just received from NATIONSTAR MORTGAGE the complaint and notice of lis pendens for my mother's property located in North Miami Beach, FL where I live with my sister and her children. I know there is a 20 day response window but my mother doesn't want to keep the property anymore. Property is worth about $23k and $109k is the balance owed. My mother would like to consult with an experienced real estate attorney before making her final decision. Any recommendations for an attorney located in…Continue
If you are one of the smart homeowners who were involved in mortgage restructuring or a short sale in 2012, tax time is an IMPORTANT season for you. There are tax implications associated with debt cancellation/mortgage forgiveness. For those who have been involved this year, here are instructions and tips from Seattleshortsaleblog on how to…Continue
Added by Peter J Kim on January 28, 2013 at 9:58am — No Comments
Palm Springs and the desert cities in general are seeing declining short sale listings. Not just the numbers in listings, but also the prices have begun to creep up to closer to FMV. Why? I suspect there are several things at work here...
1. We are a resort town. By that I mean, there are many buyers wishing to own in our winter wonderland and so very few…Continue
Good morning Superstars.
Here are this weeks featured discussions.
Added by Bryant Tutas on January 27, 2013 at 5:00am — No Comments
Short Sale Real Estate Agents in Madison, WI
Added by Michael Collins, CDPE, SFR on January 25, 2013 at 8:54am — No Comments
Added by Michael Collins, CDPE, SFR on January 25, 2013 at 8:39am — No Comments
The adjustable rate mortgage has been around for a number of years and it has helped a number of people afford the purchase of their first home. However, in the late 90’s and early part of the 2000’s some people took advantage of the low rates offered by ARMS and got in over their head. Before buying a home people should really look at all the factors involved with an adjustable rate loan and make sure it…Continue
Added by Michael Collins, CDPE, SFR on January 23, 2013 at 10:07am — No Comments
The Consumer Financial Protection Bureau is finalizing the “Ability-to-Repay” rule which requires lenders to obtain and verify information to determine whether a consumer can afford to repay the mortgage. Our belief is the 2013 ATR final rule…Continue
As this new year begins many people are setting goals, making resolutions and generally planning for a better year. If you are one of the people considering a home purchase in the upcoming year there is some sound advice to follow in order to make the process smoother and ensure that you get in to a home that truly makes you happy.
Be Realistic About Your Finances…Continue
Added by Michael Collins, CDPE, SFR on January 22, 2013 at 11:02am — No Comments
Added by Bryant Tutas on January 22, 2013 at 6:00am — No Comments
Greetings! I want to quickly update everybody on some new Real Estate news that everybody needs to know:
Added by Kevin Bown on January 21, 2013 at 4:40pm — No Comments
Added by Michael Collins, CDPE, SFR on January 21, 2013 at 1:17pm — No Comments
While prices are rising in the Silicon Valley there are still homes that are underwater and you may need to short sale your South San Jose home. If this is the case, don't wait!
Bank of America has instituted some new policies which can have a major influence on your …Continue
Added by Marcy Moyer on January 21, 2013 at 11:41am — No Comments
Rock Realty Client Testimonials
"Approx 4 years ago.. I was having some financial strain. I wasn't able to keep up with a first and second mortgage alone as a single mom.
Through friends and family, I was introduced to Mike and Matt.
I didn't want to have to go through the foreclosure process, because I knew that I would be able to pull through the mess I was in within a few years and I didn't want to have that looming over me.
Matt and Mike…Continue
Added by Michael Collins, CDPE, SFR on January 21, 2013 at 8:31am — No Comments
Good morning Superstars.
This week's buzz word.......FANNIE MAE!
Added by Bryant Tutas on January 20, 2013 at 5:16am — No Comments